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Clearly there is no causation here but there has been a distinct market trend after these impressive performances!
Answer: The stock market increases in value!
[Historically, the Dow Jones Industrial Average has had very strong returns following perfect games! The index has been higher a year later 81% of the time, with an average return of nearly 13%, according to Dow Jones Market Data.]
Questions:
- Do you think pitching a perfect game in Major League Baseball can impact the stock market? Why or why not?
- What is the difference between correlation and causation when looking at data?
- What are some actual reasons that may cause an increase in the stock market’s value?
Behind the numbers (Barron’s):
“German’s 99-pitch perfect game is the fourth in Yankees history, the most for any team. The Dow has gained about 2% so far in 2023 and is up roughly 9% over the past year. The whole baseball world is tipping its cap to German. If history is any guide, then perhaps Wall Street ought to as well.”
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Want another MLB-focused Question of the Day? View Question of the Day: Which 5 MLB baseball teams have the highest team payroll?
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About
the Author
Mason Butts
After graduating from UCLA with a Master’s in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.
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